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First of all, the only tax cuts that actually stimulate the economy are for the middle class and poor because that increases consumer spending. corporations and rich people already have record profits.Cutting taxation is one method to stimulate the economy by allowing more disposable income to increase demand and spending. You have to keep an eye on inflation too. When a government does this, they're looking for the uptick in the economy to create a larger tax precept than what was given away in the tax cut.
So to answer your question, "What kind of moron would actually think tax cuts would pay for themselves?", the answer is governments, economists, and the educated peasants in society.
But one thing is given, America is gonna go bust one day.
There is these things called numbers and math...
Did revenues go up after Trump's tax cuts, Billy? Simple question...lol you’re adorable. How could he add net revenue if the debt increased by 8 trillion?
Thank you for your opinion.First of all, the only tax cuts that actually stimulate the economy are for the middle class and poor because that increases consumer spending. corporations and rich people already have record profits.
Second of all, the issue isn’t that these wouldn’t increase revenue at all, it’s that it would be so minuscule, it wouldn’t even come close to actually paying for the cut. You do get that basic logic right?
Did revenues go up after Trump's tax cuts, Billy? Simple question...
Opinions are what they areThe facts are what they are
You just gave your opinion, nothing more, nothing less. You need to learn how to let go and move on. Maybe your upbringing is to blame, who knows. Try learning what's going on around you, take note and become me a better person. Once to learn to sort yourself out, debates will be betterlol they certainly are, aren’t they?
Revenues have gone up after every meaningful tax cut since Kennedy's, including the Trump across the board cuts, Simp.It’s not surprising that republicans were mostly silent on Biden’s contribution to the national debt. After all, Trump added 8 trillion to it in 4 years. No avoiding that fact in response huh? Now Trump’s tax plan for his embarrassing second term tells us he will add another 4 trillion. What kind of moron would actually think tax cuts would pay for themselves?
Now I suppose it will continue to be something that goes unsaid. After all,
It’s only bad when democrats add to the debt.
Trump’s Tax Plan Could Add to Debt Burden. Harris’ Plan Tracks Biden’s.
WASHINGTON — Former President Donald Trump keeps adding new tax cuts to his list of campaign promises, and their projected costs keep piling up. Independent analyses suggest Trump’s plans could add close to $4 trillion over the next decade to America’s already fast-growing national debt, even...www.yahoo.com
Revenues have gone up after every meaningful tax cut since Kennedy's, including the Trump across the board cuts, Simp.
Sorry simp, but tax receipts are not how you measure revenue. You have to compute it as a percentage of the GDP. What you’re saying is entirely misleading because that dollar amount goes up every year regardless of policy. Because of inflation, more raw dollars are needed per year.Revenues have gone up after every meaningful tax cut since Kennedy's, including the Trump across the board cuts, Simp.
Sorry simp, but tax receipts are not how you measure revenue. You have to compute it as a percentage of the GDP. What you’re saying is entirely misleading because that dollar amount goes up every year regardless of policy. Because of inflation, more raw dollars are needed per year.
Just like they did the firs time he was in office, right moron?The scary reality of another 4 years of Trump is the republicans will probably gut ssi, medicare and kick almost everyone off any form of safetynet. Another supreme court justice or two they might abolish it all together.
These people are dead serious about the 18th century so vote wisely.
Sorry simp, but tax receipts are not how you measure revenue. You have to compute it as a percentage of the GDP. What you’re saying is entirely misleading because that dollar amount goes up every year regardless of policy. Because of inflation, more raw dollars are needed per year.
Remind me again, Jessica? Did the GOP "gut" Social Security or Medicare when Trump was in office LAST time?The scary reality of another 4 years of Trump is the republicans will probably gut ssi, medicare and kick almost everyone off any form of safetynet. Another supreme court justice or two they might abolish it all together.
These people are dead serious about the 18th century so vote wisely.
lol god you’re such a fucking IDIOT. Raw tax dollars go up EVERY YEAR. It doesn’t matter what policy is passed that year. This should be pretty basic logic to understand. Say you keep spending on a programs with 26% of the budget. More dollars per year are going to he needed for those same programs to produce the same value. That’s how INFLATION WORKS.
Two components of debt and deficits, Simp: Revenues and spending.
If revenues have gone up after every major tax cut, spending has to be the problem with debt going up. Pretty simple, but apparently over your head.
Sorry for your colossal dumbassery.
